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Oct 8, 2012
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but let me come to finally the fiscal cliff. are we going to go over this fiscal cliff. and if we do, what does that mean? >> well, because you have all these things coming around the corner. >> we know as an economist if we go over the fiscal cliff it means the likelihood that we go into recession becomes very significant. at the very least our anemic growth which is too slow to create the jobs for the new entrance in its labor force already will become much lower. >> so can we avoid the fiscal cliff without compromise? >> somebody is going to have to change their position. that's clear. >> but i mean don't you have to accept the fact that we're going have to have a compromise? we are going to have to have some kind of grand bargain in order to avoid the fiscal cliff and therefore what would you be prepared to recommend in order to achieve that objective. >> yeah, to me a compromise that would be based on stimulating the economy now based on investments that increase the country's balance sheet so we borrow investments that make our economy stronger. and a commitment wh
but let me come to finally the fiscal cliff. are we going to go over this fiscal cliff. and if we do, what does that mean? >> well, because you have all these things coming around the corner. >> we know as an economist if we go over the fiscal cliff it means the likelihood that we go into recession becomes very significant. at the very least our anemic growth which is too slow to create the jobs for the new entrance in its labor force already will become much lower. >> so can...
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Jun 23, 2012
06/12
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. >> rose: it is what is called a fiscal cliff. the interesting thing about that fiscal cliff is the republicans will say that the president has not done anything and that he has really not been wanting to negotiate. the president will simply say look, i tried to get congress to act on a job bill and they weren't prepared to do it. so it's almost like while rome burns, nobody is doing anything. >> yeah. and that's politics as normal fingerpointing at the other side. but if that isn't accompanied by actually sitting down and trying to craft a compromise, not only are the politicians going to be in trouble but more important this country is really not going to live up to its promise. and i'm an optimist. i think churchill is right. you can count on americans to do the right thing after they've tried everything else. i think we will face the music but it would be nice if there were more confidence in this country that our politicians actually wanted to govern. >> rose: when you look at this and write a book about it you and dennis tho
. >> rose: it is what is called a fiscal cliff. the interesting thing about that fiscal cliff is the republicans will say that the president has not done anything and that he has really not been wanting to negotiate. the president will simply say look, i tried to get congress to act on a job bill and they weren't prepared to do it. so it's almost like while rome burns, nobody is doing anything. >> yeah. and that's politics as normal fingerpointing at the other side. but if that...
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Nov 6, 2012
11/12
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can he do something with this fiscal cliff? is he going to govern the way he has in the past couple years or has he learned a lesson in it's just the familiar cast of characters i think the democrats are in for some tough trouble despite a pretty good win tomorrow. so i think it depends on that. for republicans, my friend mark hal halperin is too young. it's not 1988, it's 1968. that civil war will be much biger than the democrats faced after the dukakis debacle. it will be bitter. not just jeb bush, paul ryan and marco rubio but for mike huckabee and rand paul it's really going to be ferocious. >> rose: so who is richard nixon in this? >> it's going to be fun. >> rose: what is richard nixon in this scenario, albert? >> who is richard nixon? well, he was -- >> mitt romney comes back? >> he was already president in '68 but the democrats went through the -- there was the john connolly wing nut before he became a republican, there was mcgovern, musky, so i think the -- it there's going to be the equivalent of that now. >> rose: jo
can he do something with this fiscal cliff? is he going to govern the way he has in the past couple years or has he learned a lesson in it's just the familiar cast of characters i think the democrats are in for some tough trouble despite a pretty good win tomorrow. so i think it depends on that. for republicans, my friend mark hal halperin is too young. it's not 1988, it's 1968. that civil war will be much biger than the democrats faced after the dukakis debacle. it will be bitter. not just jeb...
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Oct 17, 2012
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be a way to segue into the fiscal cliff, but it is clearly not there delineated during the course of the debate as the subject and mark and david are quite right it needs -- it is the single business thing when you talk to business leaders they are not worried about the election but november the 11th and what happens with that cliff. >> rose: do we know -- yes. >> i think there are two really fascinating economic conun drums here. on the obama side i think he has to be very careful in saying things are getting better when you have the unemployment rate you have in north carolina and nevada and florida, you really can antagonize people when you say things are getting better. >> bill clinton did it great and president obama has to be careful a and in the two key states enumerated earlier, virginia and ohio you have republican governors both of whom have national ambitions saying both are things getting better here and a lot better and you have the republican presidential candidate coming in and saying boy are things terrible and i think that is a mixed message that poses some problems
be a way to segue into the fiscal cliff, but it is clearly not there delineated during the course of the debate as the subject and mark and david are quite right it needs -- it is the single business thing when you talk to business leaders they are not worried about the election but november the 11th and what happens with that cliff. >> rose: do we know -- yes. >> i think there are two really fascinating economic conun drums here. on the obama side i think he has to be very careful...
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Dec 20, 2012
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fiscal cliff. i think if that is not resolved that is going to cause considerable problem for the world and indeed for the u.s. economy and it's already had some impact on the u.s. economy because it's delayed investment decisions. i think second it's entirely up to the elected representatives in the congress and the president to decide how they want to go about it. personally speaking, my personal view, i thought the plan that bowles and simpson put together looked pretty balanced. it's actually strikingly similar in many components to the british plan, about the same balanced tax and spending and about the same -- very similar proposals and corporate tax reform. so i think -- i don't think you can do -- you can deal with these large deficits solely by spending cuts. i think there has to be a tax element but i think you make the tax element too big then you damage the competitiveness of the country and we in britain, about 80% of the effort has come through spending cuts and entitlement reform and
fiscal cliff. i think if that is not resolved that is going to cause considerable problem for the world and indeed for the u.s. economy and it's already had some impact on the u.s. economy because it's delayed investment decisions. i think second it's entirely up to the elected representatives in the congress and the president to decide how they want to go about it. personally speaking, my personal view, i thought the plan that bowles and simpson put together looked pretty balanced. it's...
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Dec 21, 2012
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you've been covering the fiscal cliff, where are we? >> it is a big question, it's what white house officials are asking. it's what people on capitol hill are asking. as you mentioned the house is going to be voting on this plan b, the alternate measure that john boehner has proposed. it's likely to pass the house but unlikely to pass the senate. so the white house has threatened that they're going to veto it regardless if it were to get to the president's desk. the big question is what happens there. and ultimately it still needs to come down to the president and speaker boehner getting into a room, this is a deal that only the two of them can hash out. >> i thought that is what they were doing. >> you know, they've actually waited until close to the deadline to start to get into the room, to for the negotiations to be one-on-one t was a lesson that they learned back in the summer 2011 when they felt that they alienated members of both of their parties. but one of the biggest barriers to getting a deal right now is that there is he nor
you've been covering the fiscal cliff, where are we? >> it is a big question, it's what white house officials are asking. it's what people on capitol hill are asking. as you mentioned the house is going to be voting on this plan b, the alternate measure that john boehner has proposed. it's likely to pass the house but unlikely to pass the senate. so the white house has threatened that they're going to veto it regardless if it were to get to the president's desk. the big question is what...
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Dec 28, 2012
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a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry
a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a...
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Dec 5, 2012
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a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
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Dec 29, 2012
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gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan...